NorAm Drilling AS (FRA:TM9) FCF Yield % : 21.56 (As of Jun. 25, 2024)

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What is NorAm Drilling AS FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, NorAm Drilling AS's Trailing 12-Month Free Cash Flow is €31.2 Mil, and Market Cap is €148.1 Mil. Therefore, NorAm Drilling AS's FCF Yield % for today is 21.56%.

The historical rank and industry rank for NorAm Drilling AS's FCF Yield % or its related term are showing as below:

FRA:TM9' s FCF Yield % Range Over the Past 10 Years
Min: 2.64 Med: 19.43 Max: 29.68
Current: 21.56

During the past 5 years, the highest FCF Yield % of NorAm Drilling AS was 29.68%. The lowest was 2.64%. And the median was 19.43%.

FRA:TM9's FCF Yield % is ranked better than
87.78% of 1080 companies
in the Oil & Gas industry
Industry Median: 1.955 vs FRA:TM9: 21.56

NorAm Drilling AS's FCF Margin % for the quarter that ended in Mar. 2024 was 19.21%.

NorAm Drilling AS FCF Yield % Historical Data

The historical data trend for NorAm Drilling AS's FCF Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NorAm Drilling AS FCF Yield % Chart

NorAm Drilling AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

FCF Yield %

5.15

24.19

NorAm Drilling AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
FCF Yield %	Get a 7-Day Free Trial								21.48	27.51	26.17	4.88	12.88

Competitive Comparison of NorAm Drilling AS's FCF Yield %

For the Oil & Gas Equipment & Services subindustry, NorAm Drilling AS's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NorAm Drilling AS's FCF Yield % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NorAm Drilling AS's FCF Yield % distribution charts can be found below:

* The bar in red indicates where NorAm Drilling AS's FCF Yield % falls into.

NorAm Drilling AS FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

NorAm Drilling AS's FCF Yield % for the fiscal year that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	38.092	/	157.46465
	=	24.19%

NorAm Drilling AS's annualized FCF Yield % for the quarter that ended in Mar. 2024 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	4.425	*	4	/	137.404085
	=	12.88%

NorAm Drilling AS FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

NorAm Drilling AS FCF Yield % Related Terms

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NorAm Drilling AS (FRA:TM9) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

NORAM:Norway TM9:Germany

Address

Bryggegata 3, P.O. Box 1327 - Vika, Oslo, NOR, 0112

Website

https://www.noramdrilling.com

NorAm Drilling AS owns and operates a quality rig portfolio of AC driven rigs tailored for the drilling of horizontal wells in the United States land drilling market. NorAm Drilling Company operates all eleven rigs and is financed through a combination of equity investments and intercompany loans, at arm's length terms, from its parent.

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